Seems that many are buying with less than 20% down and purchasing CMHC Insurance on the mortgage debt.
In its latest market report, Canada Mortgage and Housing Corporation stated that the number of rental housing units it insured grew by 35% annually during the quarter ending September 30, 2019.
“We’ve seen increased demand in rental housing, which remains an important housing solution for many Canadians. We have continued to provide support for this option through our commercial activities and National Housing Strategy initiatives,” CMHC chief financial officer Lisa Williams said. https://www.mortgagebrokernews.ca/news/insurance/cmhc-reports-notable-increase-in-the-number-of-insured-rental-homes-323420.aspx#.XeUdZZe_LB0.twitter
The market appears unabated...
What do you think?
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Great insights on buying rental properties with less than 20% down! The strategies you outlined make real estate investing more accessible for those looking to enter the market. I’ve noticed similar trends in short-term rentals, especially in high-demand destinations like Palm Springs. Partnering with the top Vacation home rental agency in Palm Springs, California, can help investors maximize returns by managing bookings, optimizing pricing, and enhancing guest experiences. Have you explored how vacation rentals compare to long-term condo investments in terms of profitability?
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